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ABN Amro publishes 2nd human rights report highlighting progress on addressing privacy, discrimination, labour rights & land rights

Author: ABN Amro, Published on: 1 February 2019

"...This second Human Rights Report builds on earlier publications such as the 2015 Human Rights Guide, the 2016 Human Rights Report and the 2017 Update. [ABN AMRO] explain[s] the progress... made over the past two years in addressing salient human rights issues [privacy, discrimination, labour rights, and land-related human rights]... This report refers to many concrete initiatives and programmes, some of which have been completed and some of which are still in progress.

[ABN AMRO] over the past years... ha[s] taken some modest steps in our policy framework since our last Human Rights Report [including:]...

  • sector policies now contain requirements that are aligned with the UNGPs...
  • In 2018, ABN AMRO decided to exclude tobacco companies from its investment universe...
  • In 2018, we introduced impact reports to give clients greater insight into the impact their investments have, thereby raising client awareness of how they can contribute to sustainability...

Over the next two years, [ABN AMRO] will be working to:

  • Refine our salience analysis, paying more attention to the position of vulnerable groups (including a gender perspective) and set priorities for each of the bank's four roles...
  • Increase transparency by requesting clients’ consent to disclose more details about their relationship with ABN AMRO in the context of project finance and engagement procedures...
  • Take a first step towards a bank-level grievance mechanism and take a closer look at the grievance mechanisms of our clients and other business relationships..."

Read the full post here

Related companies: ABN Amro